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Following are answers to questions we have received:
How many shares are currently outstanding?
"We have 23,000,000 shares of common stock issued and outstanding. Of those 23 million, 20,000,000 are still restricted and held by "insiders" that comprise our European Launch Pad. The remaining 3,000,000 are in the "float", and are held between about 3000 shareholders."
Do you have a stock purchase plan, or private purchase program available to investors?
"No. We currently are not offering shares privately via a Private Placement or similar program."
Are you listed as GALB or GTLB? Why have I seen both symbols attached to the Company?
Why when I look at the One-Year Chart, it shows your share price as high as $60 in May of this year. Should I be concerned about this significant drop in price down to the $2 or $3 dollar range the stock is trading in now?
"In fact, Galton Biometrics' share price was never actually $60. The charts on our stock take into factor the reverse split performed recently. When the new Galton Biometrics began trading this year following our reverse merger into an existing shell, our share price opened at $0.70. Hence we have mainly experienced upward movement of our share price this year."
I am pleased with the immediate results of Galton Biometrics in the last few weeks. As a shareholder of the previous company-Injecto-Matic Systems-I was wondering about the previously announced dividend of Mosquito Pro-Shield, and when it will be issued?
"The reverse merger process that we undertook into IJMS involved relocating the existing technology into a new entity known as Mosquito Pro-Shield. To do this, we issued a dividend of Mosquito Pro-Shield shares to the existing shareholders per the record date announced. This transaction is still being processed by the Transfer Agent and by the authoritative body that controls Pink Sheets. It is our understanding that all shareholders eligible for the dividend, per the previously announced record date, will receive these shares in Mosquito Pro-Shield in due course."
Is the stock dividend in Mosquito Pro-Shield based on my holdings pre 100-to-1 split, or post split?
"The dividend was announced and has a record date prior to the reverse split we effected following our reverse merger into the IJMS shell. Therefore, no, the dividend should be based on your holdings (or number of shares) prior to the reverse split."
Does Galton Biometrics' Fingerprint ID Technology solve existing problems inherent to standard ID cards?
"Yes, the current methods being used to identify a large quantity of individuals under significant time constraints, such as at Border Crossings, are no longer sufficient in today's Homeland Security era."
What advantages does your ID software technology have over other available methods?
"When an enhanced level of security is required, such as in border control, our technology significantly improves the processing time needed to accurately identify an individual. Our fingerprint analysis utilizes more sophisticated, yet streamlined element comparison techniques. Our technology encrypts certain elements of the fingerprint directly into the ID card. An individual's fingerprint is then directly compared to this encrypted code.
Traditional, less secure methods-such as reviewing picture ID cards-are subject to human error. A Customs Official traditionally must rely on his or her own ability to verify both that the ID card is genuine, and that the photo on the card matches the likeness of the individual presenting it."
Is the ID technology infallible?
"No. In testing approximately one in a thousand verifications were inaccurate. However, when this happens, the user is alerted and additional methods of identification can then be used."
Any other advantages to Galton Biometrics' Fingerprint ID Technology
"Yes, certain diseases such as SARS can be transmitted by skin contact. Our system has features that thoroughly protect officials from this type of transmission. We also offer secure database administration features. In addition, if a database were to fail or go down, we provide a backup method for secure authentication when no database is available."
Using
Biometrics It
was in 1933 that A. Edward Sutherland's film International House
was released featuring the great W.C.Fields and a host of stars.
Like the majority of W.C.Fields extravaganzas this delightful piece
of cinema was way ahead of its time, pioneering many elements of
current film making technique and, among other things predicting
long range live television. We
all suspected that this technology was inevitable and would probably
be commonplace sooner or later, but somehow it was not quite there.
A chocolate dessert just a shelf too high for us to reach. This
is not dissimilar to how biometric verification was viewed by many
at the start of this decade. We all agreed that this was the way
to go. After all, surely the technology offered considerable benefits
when compared to conventional personal identification techniques
such as access tokens, photo I.D. cards and the like? Abraham Lincoln
once said 'common looking people are the best in the world, that
is the reason the Lord makes so many of them'. The trouble is they
are damn difficult to tell apart, especially if they have a vested
interest in remaining incognito. Biometric verification techniques
provided a potential solution to a long standing problem in this
respect. Why then, in this fast moving world of technological innovation
has it taken so long for biometric verification to be utilised in
mainstream applications? Was it perhaps portrayed clumsily by the
security industry? Did they lead us to expect too much from what
was an emerging technology? That other great man of the cinema,
Jacques Tati would have made the perfect biometric demonstrator
in those formative days. One could imagine him proudly and solemnly
presenting the latest biometric device, which would of course fail
immediately. Monsieur Tati would have been able to improvise on
the spot and salvage the situation, probably with considerable panache.
Unfortunately, not many security industry personnel had his sense
of style. The
truth is, early implementations of biometric technology were far
from the perfect solution that many expected them to be. With hindsight,
this was partly because expectations had been raised too high by
over enthusiastic industry claims and partly because, like any emerging
technology, there was a learning curve, especially in the areas
of ergonomics, user response and consistency. Nowadays we have the
benefit of practical experience and continued refinement over time
with several products turning in excellent performance figures coupled
to relative ease of use and integration. In addition, costs are
a lot more realistic and biometric readers represent a viable alternative
to token technology in many instances. However, we are not out of
the woods yet and I believe we will see continuing rationalisation
and development in coming years, possibly with greater integration
into other sub systems and applications. We welcome news ! Feel free to send in updates or information for inclusion on this site updates@GaltonBiometrics.com |
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